occupancy rate


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Related to occupancy rate: Average daily rate, bed occupancy rate

Occupancy Rate

The number of units in a building with renters, expressed as a percentage of all units. For example, an apartment building with 100 units and 40 resident families has a 40% occupancy rate. It is the opposite of the vacancy rate.

occupancy rate

The ratio of rented property to the total available for rent.It is the flip side of the vacancy rate. Occupancy rates may be calculated by number of units, number of square feet, or by dollar value of rentals, also called the economic occupancy rate.

References in periodicals archive ?
"The 2012 Olympic and Paralympic Games will no doubt have had a positive influence on occupancy rates with teams, staff and spectators staying in the city.
Another sign that the industry is recovering is in the slow, but steady, growth of occupancy rates. During the first quarter of this year, median occupancy rates held steady for assisted living at 88 percent, after an increase from 87 percent during the third quarter of 2004.
Most skilled nursing operators will probably not be surprised by recent national data showing that the sector's occupancy rates have been recovering over the past year.
The highest occupancy rate was 52.34% in 1995, down to 48.38% in 1997 after the addition of more hotel rooms.
In west Little Rock, the Koger Office Park, with 330,700 SF, enjoyed some of the highest occupancy rates despite being the most expensive.
Meanwhile, "Alexandria's hotels' occupancy rate hiked by 11% in FY 2018, with expectations to grow by 3% in FY 2019," Colliers added.
Kuwait's Al Rai Daily has reported that hotel occupancy rates during the new year period in the country have witnessed new highs.
The 170-room hotel in northeastern Seoul had an occupancy rate between 70 percent and 80 percent according to the hotel, and less than 70 percent according to its competitors.
Passenger occupancy rate on Khasab-Shinas route reached 43 percent.
"This Eid was amazing and a very successful one as all hotels were packed with a 90pc occupancy rate on average," said Five-Star Hotels Society chairman Abdulnabi Al Daylami.
Summary: The average occupancy rate at Beirut hotels stood at 56.1 percent during the 1996-2014 period.
PwC's "South African Hospitality Outlook: 2014-2018" projects that the overall occupancy rate across the sectors will rise to an estimated 58.4% by 2018, with room revenue expected to reach R28.7-billion, a 10.7% compound annual increase over 2013.